----

----

| (X) | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|-----------------------------------------------------------------------------------------|

| (  ) | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 |
|----------------|--------------------------------------------------------------------------------|

| Commission File Number    000-53286 |
|----------------------------------------------------|

| Nevada                                                         | 71-1050559                        |
|----------------------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

| 1000 W. Bonanza Rd., Las Vegas, Nevada 89106 |
|----------------------------------------------|
| (Address of principal executive offices)     |

| (702) 382-3385                                             |
|------------------------------------------------------------|
| (Registrant’s telephone number, including area code) |

| N/A                                                                                |
|------------------------------------------------------------------------------------|
| (Former name, former address and former fiscal year, if changed since last report) |

|  Large accelerated filer                                        [   ]                                                                 |   |  Accelerated filer                                          [   ] |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                                                                                                                                                                                                                                                                    |
|  Non-accelerated filer                                          [   ]  (Do not check if a small reporting company)     |   | Small Reporting Company                          [X]                                                                                                                       |

----

|     |                                                                                        | Page Number |
|----------|---------------------------------------------------------------------------------------------|-------------|
| PART I.  | FINANCIAL INFORMATION                                                                       |        |
|     |                                                                                        |        |
| ITEM 1.  | Financial Statements                                                                        | 4           |
|     |                                                                                        |        |
| ITEM 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 21          |
|     |                                                                                        |        |
| ITEM 3.  | Quantitative and Qualitative Disclosure about Market Risk                                   | 29          |
|     |                                                                                        |        |
| ITEM 4.  | Controls and Procedures                                                                     | 29          |
|     |                                                                                        |        |
| PART II. | OTHER INFORMATION                                                                           |        |
|     |                                                                                        |        |
| ITEM 1.  | Legal Proceedings                                                                           | 30          |
|     |                                                                                        |        |
| ITEM 1A  | Risk Factors                                                                                | 30          |
|     |                                                                                        |        |
| ITEM 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 30          |
|     |                                                                                        |        |
| ITEM 3.  | Defaults Upon Senior Securities                                                             | 30          |
|     |                                                                                        |        |
| ITEM 4.  | Mine Safety Disclosures                                                                     | 30          |
|     |                                                                                        |        |
| ITEM 5.  | Other Information                                                                           | 30          |
|     |                                                                                        |        |
| ITEM 6.  | Exhibits                                                                                    | 30          |
|     |                                                                                        |        |
|     | SIGNATURES                                                                                  | 31          |

----

----

| Contents                                                                                                                                                                    | Page(s) |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
| Consolidated Balance Sheets at June 30, 2012 (Unaudited) and March 31, 2012                                                                                                 | 5       |
|                                                                                                                                                                        |    |
| Consolidated Statements of Operations for the Three Months Ended June 30, 2012 and 2011 and for the Period from July 27, 2001 (Inception) through June 30, 2012 (Unaudited) | 6       |
|                                                                                                                                                                        |    |
| Consolidated Statement of Stockholders’ Equity for the Period from July 27, 2001 (Inception) through June 30, 2012 (Unaudited)                                        | 7       |
|                                                                                                                                                                        |    |
| Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2012 and 2011 and for the Period from July 27, 2001 (Inception) through June 30, 2012 (Unaudited) | 8       |
|                                                                                                                                                                        |    |
| Notes to the Consolidated Financial Statements (Unaudited)                                                                                                                  | 9-21    |

----

| Centaurus Diamond Technologies, Inc. |
|--------------------------------------|
|  (A Development Stage Company)  |
|  Consolidated Balance Sheets    |

|                                 |                                                                                                                                 |                                       |                                                   | June 30, 2012 |    |    | March 31, 2012 |   |
|--------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--------------------------------------------------------|---------------|---------|---------|----------------|--------|
|                                 |                                                                                                                                 |                                       |                                                   | (Unaudited)   |    |    |           |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |
| ASSETS                               |                                                                                                                                 |                                       |                                                   |          |    |    |
| CURRENT ASSETS:                      |                                                                                                                                 |                                       |                                                   |          |    |    |
|                                 |                                                                                                                                 |  Cash                                 |                                                   | $             | 434,885 |    |           | $      | - |   |
|                                 |                                                                                                                                 |  Prepayments and other current assets |                                                   |          | 17,000  |    |           |   | - |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |
|                                 |                                                                                                                                 |  Total Current Assets                 |                                                   |          | 451,885 |    |           |   | - |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |
| PROPERTY AND EQUIPMENT               |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |
|                                 |                                                                                                                                 |  Property and equipment               |                                                   |          | 8,000   |    |           |   | - |   |
|                                 |                                                                                                                                 |  Accumulated depreciation             |                                                   |          | -       |    |           |   | - |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |
|                                 |                                                                                                                                 |                                       |  PROPERTY AND EQUIPMENT, net                      |          |    | 8,000   |           |   |   | - |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |   |
| PATENT                               |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |
|                                 |                                                                                                                                 |                                       |  Patent                                           |          |    | 6,982   |           |   |   | 6,982 |   |
|                                 |                                                                                                                                 |                                       |  Accumulated amortization                         |          |    | (522    | )              |   |   | (435 | ) |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |   |
|                                 |                                                                                                                                 |                                       |  PATENT, net                                      |          |    | 6,460   |           |   |   | 6,547 |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |   |
|                                 |                                                                                                                                 |                                       | Total Assets                                           |          | $       | 466,345 |           |   | $ | 6,547 |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |
| CURRENT LIABILITIES:                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |
|                                 |                                                                                                                                 |                                       |  Accrued expenses and other current liabilities   |          | $       | 6,000   |           |   | $ | - |   |
|                                 |                                                                                                                                 |                                       |  Advances from stockholders                       |          |    | 6,225   |           |   |   | 6,225 |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |   |
|                                 |                                                                                                                                 |                                       |  Total Current Liabilities                        |          |    | 12,225  |           |   |   | 6,225 |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |   |
|                                 |                                                                                                                                 |                                       | Total Liabilities                                      |          |    | 12,225  |           |   |   | 6,225 |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |   |
| STOCKHOLDERS' EQUITY:                |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |
|                                 | Common stock, $0.001 par value: 450,000,000 shares authorized; 73,000,000 and 43,850,000 shares issued and outstanding, respectively |                                       |                                                   | 73,000        |    |    |           | 43,850 |   |
|                                 |                                                                                                                                 |                                       |  Additional paid-in capital                       |          |    | 429,033 |           |   |   | (40,850 | ) |
|                                 |                                                                                                                                 |                                       |  Deficit accumulated during the development stage |          |    | (47,913 | )              |   |   | (2,678 | ) |
|                                 |                                                                                                                                 |                                       |  Total Stockholders' Equity                       |          |    | 454,120 |           |   |   | 322 |   |
|                                 |                                                                                                                                 |                                       |                                                   |          |    |    |           |   |   |   |   |
|                                 |                                                                                                                                 |                                       |  Total Liabilities and Stockholders' Equity       |          | $       | 466,345 |           |   | $ | 6,547 |   |

----

| Centaurus Diamond Technologies, Inc.        |
|---------------------------------------------|
|  (A Development Stage Company)         |
|  Consolidated Statements of Operations |

|                                          |   |                       |       |   |                       |   |       |                        |   |
|-----------------------------------------------|--------|----------------------------|------------|--------|----------------------------|--------|------------|-----------------------------|--------|
|                                          |   |                       |       |   |                       |   |       | For the period from    |   |
|                                          |   |  For the three months |       |   | For the three months  |   |       | July 27, 2001 (inception)   |   |
|                                          |   |  emded June 30, 2012  |       |   | ended June 30, 2011   |   |       |  through June 30, 2012 |   |
|                                          |   | (Unaudited)                |       |   | (Unaudited)                |   |       | (Unaudited)                 |   |
|                                          |   |                       |       |   |                       |   |       |                        |   |
|  Operating Expenses                      |   |                       |       |   |                       |   |       |                        |   |
|  Professional fees                       |   | $                          | 21,350     |   |                       | $      | -          |                        |   | $ | 21,350 |   |
|  Rent - related party                    |   |                       | 2,500      |   |                       |   | -          |                        |   |   | 2,500 |   |
|  Salary and wages - officers             |   |                       | 16,250     |   |                       |   | -          |                        |   |   | 16,250 |   |
|  General and administrative expenses     |   |                       | 5,135      |   |                       |   | 119        |                        |   |   | 7,813 |   |
|                                          |   |                       |       |   |                       |   |       |                        |   |   |   |   |
|  Total operating expenses                |   |                       | 45,235     |   |                       |   | 119        |                        |   |   | 47,913 |   |
|                                          |   |                       |       |   |                       |   |       |                        |   |   |   |   |
|  Loss before Income Tax Provision        |   |                       | (45,235    | )      |                       |   | (119       | )                           |   |   | (47,913 | ) |
|                                          |   |                       |       |   |                       |   |       |                        |   |   |   |   |
|  Income Tax Provision                    |   |                       | -          |   |                       |   | -          |                        |   |   | - |   |
|                                          |   |                       |       |   |                       |   |       |                        |   |   |   |   |
|  Net Loss                                |   | $                          | (45,235    | )      |                       | $      | (119       | )                           |   | $ | (47,913 | ) |
|                                          |   |                       |       |   |                       |   |       |                        |   |   |   |   |
| Net Loss per Common Share - Basic and Diluted |   | $                          | (0.00      | )      |                       | $      | (0.00      | )                           |   |   |   |   |
|                                          |   |                       |       |   |                       |   |       |                        |   |   |   |   |
| Weighted average common shares outstanding:   |   |                       |       |   |                       |
|  - basic and diluted                     |   |                       | 51,857,505 |   |                       |   | 43,850,000 |                        |   |   |   |   |
|                                          |   |                       |       |   |                       |   |       |                        |   |   |   |   |

----

| Centaurus Diamond Technologies, Inc.                                |
|---------------------------------------------------------------------|
| (A Development Stage Company)                                       |
| Consolidated Statement of Stockholders' Equity                      |
| For the Period from July 27, 2001 (Inception) through June 30, 2012 |
| (Unaudited)                                                         |
|                                                                |

|                                                                           |   | Common Stock, $0.001 Par Value |       |   | Additional |   |   | Deficit Accumulated |   |   | Total             |   |
|--------------------------------------------------------------------------------|--------|--------------------------------|------------|--------|------------|--------|--------|---------------------|--------|--------|-------------------|--------|
|                                                                           |   | Number of                      |       |   |       |   |   | Paid-in             |   |   | During the        |   |   | Stockholders' |   |
|                                                                           |   | Shares                         |       |   | Amount     |   |   | Capital             |   |   | Development Stage |   |   | Equity |   |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |
|  Balance, July 27, 2001 (inception)                                       |   |                           | -          |   |       | $      | -      |                |   | $      | -                 |   |   | $ | - |   |   | $ | - |   |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Common shares issued for cash upon formation                             |   |                           | 43,850,000 |   |       |   | 43,850 |                |   |   | (40,850           | )      |   |   |   |   |   |   | 3,000 |   |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
| (Net loss for the period from July 27, 2001 (inception) through March 31, 2010 |   |                           |       |   |       |   |   |                |   |   |              |   |   |   | (1,520 | ) |   |   | 1,520 | ) |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Balance, March 31, 2010                                                  |   |                           | 43,850,000 |   |       |   | 43,850 |                |   |   | (40,850           | )      |   |   | (1,520 | ) |   |   | 1,480 |   |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                 |   |                           |       |   |       |   |   |                |   |   |              |   |   |   | (778 | ) |   |   | (778 | ) |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Balance, March 31, 2011                                                  |   |                           | 43,850,000 |   |       |   | 43,850 |                |   |   | (40,850           | )      |   |   | (2,298 | ) |   |   | 702 |   |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                 |   |                           |       |   |       |   |   |                |   |   |              |   |   |   | (380 | ) |   |   | (380 | ) |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Balance, March 31, 2012                                                  |   |                           | 43,850,000 |   |       |   | 43,850 |                |   |   | (40,850           | )      |   |   | (2,678 | ) |   |   | 322 |   |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Reverse acqusition adjustment                                            |   |                           | 27,950,000 |   |       |   | 27,950 |                |   |   | (183,519          | )      |   |   |   |   |   |   | (155,569 | ) |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Forgiveness of debt from former stockholders                             |   |                           |       |   |       |   |   |                |   |   |  54,602      |   |   |   |   |   |   |   | 54,602 |   |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
| Issuance of equity units for cash at $0.50 per unit on June 5, 2012       |   |                           | 1,200,000  |   |       |   | 1,200  |                |   |   | 598,800           |   |   |   |   |   |   |   | 600,000 |   |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                 |   |                           |       |   |       |   |   |                |   |   |              |   |   |   | (45,235 | ) |   |   | (45,235 | ) |
|                                                                           |   |                           |       |   |       |   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |
|  Balance, June 30, 2012                                                   |   |                           | 73,000,000 |   |       | $      | 73,000 |                |   | $      | 429,033           |   |   | $ | (47,913 | ) |   | $ | 454,120 |   |

----

| Centaurus Diamond Technologies, Inc.        |
|---------------------------------------------|
|  (A Development Stage Company)         |
|  Consolidated Statements of Cash Flows |
|                                        |

|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      | For the period from       |   |
|----------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------|
|                                                                             |   |  For the three months                                                                                                          |                                                                                                                                                                      |   | For the three months   |                                                                                                                                                                      |                                                                                                                                                                      | Juy 27, 2001 (inception)  |   |
|                                                                             |   |  ended June 30, 2012                                                                                                           |                                                                                                                                                                      |   | ended June 30, 2011    |                                                                                                                                                                      |                                                                                                                                                                      | through June 30, 2012     |   |
|                                                                             |   | (Unaudited)                                                                                                                         |                                                                                                                                                                      |   | (Unaudited)                 |                                                                                                                                                                      |                                                                                                                                                                      | (Unaudited)                    |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                            |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |
|  Net loss                                                                   |   | $                                                                                                                                   |                   (45,235)                                                      |   |                        | $                                                                                                                                                                         |                       (119)                                 |                           |   | $ |                        (47,913) |   |
|  Adjustments to reconcile net loss to net cash used in operating activities |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Amortization expense                                                       |   |                                                                                                                                |                          87                  |   |                        |                                                                                                                                                                      |                          87                  |                           |   |   |                              522 |   |
| Changes in operating assets and liabilities:                                     |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |
|  Prepayments and other current assets                                       |   |                                                                                                                                |                   (17,000)                                                      |   |                        |                                                                                                                                                                      |                             - |                           |   |   |                        (17,000) |   |
| Accrued expenses and other current liabilities                                   |   |                      6,000 |                                                                                                                                                                      |   |                        |                             - |                                                                                                                                                                      |                           |   |                           6,000 |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Net cash used in operating activities                                      |   |                                                                                                                                |                   (56,148)                                                      |   |                        |                                                                                                                                                                      |                         (32)                      |                           |   |   |                        (58,391) |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                            |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |
|  Cash acquired from acquisition                                             |   |                                                                                                                                |                 (100,967)                                                                 |   |                        |                                                                                                                                                                      |                             - |                           |   |   |                      (100,967) |   |
|  Purchases of property and equipment                                        |   |                                                                                                                                |                     (8,000)                                           |   |                        |                                                                                                                                                                      |                             - |                           |   |   |                          (8,000) |   |
|  Patent application costs                                                   |   |                                                                                                                                |                             - |   |                        |                                                                                                                                                                      |                             - |                           |   |   |                          (6,982) |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Net cash used in investing activities                                      |   |                                                                                                                                |                 (108,967)                                                                 |   |                        |                                                                                                                                                                      |                             - |                           |   |   |                      (115,949) |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                            |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |
|  Amounts received from (repayment made to) stockholders                     |   |                                                                                                                                | -                                                                                                                                                                         |   |                        |                                                                                                                                                                      | -                                                                                                                                                                         |                           |   |   |  6,225 |   |
|  Proceeds from sale of common stock                                         |   |                                                                                                                                |                   600,000                                                       |   |                        |                                                                                                                                                                      |                             - |                           |   |   |                        600,000 |   |
|  Capital contribution                                                       |   |                                                                                                                                |                             - |   |                        |                                                                                                                                                                      |                             - |                           |   |   |                           3,000 |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Net cash provided by financing activities                                  |   |                                                                                                                                |                   600,000                                                       |   |                        |                                                                                                                                                                      |                             - |                           |   |   |                        609,225 |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Net change in cash                                                         |   |                                                                                                                                |                   434,885                                                       |   |                        |                                                                                                                                                                      |                         (32)                      |                           |   |   |                        434,885 |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Cash at beginning of the period                                            |   |                                                                                                                                |                             - |   |                        |                                                                                                                                                                      |                          32                  |                           |   |   |                                  - |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Cash at end of the period                                                  |   |  $                                                                                                                             |                   434,885                                                       |   |                        |  $                                                                                                                                                                   |                             - |                           |   |  $ |                        434,885 |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:                               |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Interest paid                                                              |   |  $                                                                                                                             |                             - |   |                        |  $                                                                                                                                                                   |                             - |                           |   |  $ |                                  - |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |
|  Income tax paid                                                            |   |  $                                                                                                                             |                             - |   |                        |  $                                                                                                                                                                   |                             - |                           |   |  $ |                                  - |   |
|                                                                             |   |                                                                                                                                |                                                                                                                                                                      |   |                        |                                                                                                                                                                      |                                                                                                                                                                      |                           |   |   |   |   |

----

----

----

| Level 1 |   | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.                                              |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                        |
| Level 2 |   | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. |
|    |   |                                                                                                                                                        |
| Level 3 |   | Pricing inputs that are generally observable inputs and not corroborated by market data.                                                                    |

----

----

| · | Expected term of share options and similar instruments: Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and holder’s expected exercise behavior into the fair value (or calculated value) of the instruments.  The Company uses historical data to estimate holder’s expected exercise behavior.  If the Company is a newly formed corporation or shares of the Company are thinly traded the contractual term of the share options and similar instruments is used as the expected term of share options and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Expected volatility of the entity’s shares and the method used to estimate it.  Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index.  The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility.  If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| · | Expected annual rate of quarterly dividends.  An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends.  The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used.  The risk-free interest rate is based on the U.S. Department of the Treasury’s daily treasury yield curve rates in effect at the time of grant for periods within the expected term of the share options and similar instruments. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                          |    |   |   | Potentially Outstanding Dilutive Common Shares |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|--------|--------|------------------------------------------------|--------|
|                                                                                                                                                                                                                          |    |   |   |                                           |   |   | For the Interim PeriodEndedJune 30, 2012 |   |   | For the Interim PeriodEndedJune 30, 2011 |   |
|                                                                                                                                                                                                                          |    |   |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| Warrants                                                                                                                                                                                                                      |    |   |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                          |    |   |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| Warrants issued on June 5, 2012 to an institutional investor in connection with the Company’s June 5, 2012 equity financing with an exercise price of $0.75 per share expiring two (2) years from the date of issuance. |    |   |   |                                           |   |   |   |   |   | 1,200,000 |   |   |   | - |   |
|                                                                                                                                                                                                                          |    |   |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                          |    |   |   |                                           |   |   |   |   |   |   |   |   |   |
| Sub-total: warrants                                                                                                                                                                                                           |    |   |   |                                           |   |   |   |   |   | 1,200,000 |   |   |   | - |   |
|                                                                                                                                                                                                                          |    |   |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| Total potentially outstanding dilutive common shares                                                                                                                                                                          |    |   |   |                                           |   |   |   |   |   | 1,200,000 |   |   |   | - |   |
|  %                                                                                                                                                                                                                       | %  |   |   |                                           |   |   |

----

|   | Recently Issued Accounting Pronouncements |
|--------|-------------------------------------------|

----

----

|                     |   | June 30, 2012 |   |   | March 31, 2012 |   |
|--------------------------|--------|---------------|--------|--------|----------------|--------|
|                     |   |          |   |   |           |   |   |   |
| Property and equipment   |   | $             | 8,000  |   |           | $      | - |   |
| Accumulated depreciation |   |          | (-     | )      |           |   | (- | ) |
|                     |   |          |   |   |           |   |
|                     |   | $             | 8,000  |   |           | $      | - |   |

|                     |   | June 30, 2012 |   |   | March 31, 2012 |   |
|--------------------------|--------|---------------|--------|--------|----------------|--------|
|                     |   |          |   |   |           |   |   |   |
| Patent                   |   | $             | 6,982  |   |           | $      | 6,982 |   |
| Accumulated amortization |   |          | (522   | )      |           |   | (435 | ) |
|                     |   |          |   |   |           |   |
|                     |   | $             | 6,460  |   |           | $      | 6,547 |   |

| Related Parties   |   | Relationship                                          |
|-------------------|--------|-------------------------------------------------------|
|              |   |                                                  |
| Alvin Snaper      |   | Chairman, CEO and majority stockholder of the Company |
|              |   |                                                  |
| Wayne D. Prentice |   | Chief Operating Officer                               |

|                                                 |   | June 30, 2012 |   |   | March 31, 2012 |   |
|------------------------------------------------------|--------|---------------|--------|--------|----------------|--------|
|                                                 |   |          |   |   |           |   |   |   |
| Advances from chairman, CEO and majority stockholder |   | $             | 6,225  |   |           | $      | 6,225 |   |
|                                                 |   |          |   |   |           |   |
|                                                 |   | $             | 6,225  |   |           | $      | 6,225 |   |

----

|                                        |   | June 5, 2012 |   |
|---------------------------------------------|--------|--------------|--------|
|                                        |   |         |
| Expected life (year)                        |   |         | 2      |   |
|                                        |   |         |   |   |
| Expected volatility (*)                     |   |         | 69.96  | % |
|                                        |   |         |   |   |
| Expected annual rate of quarterly dividends |   |         | 0.00   | % |
|                                        |   |         |   |   |
| Risk-free rate(s)                           |   |         | 0.68   | % |
|                                        |   |         |   |

----

|                                  |   | Number ofWarrant Shares |      |   | Exercise Price RangePer Share |   |   | Weighted Average Exercise Price |   |   | Fair Value at Date of Issuance |   |   | AggregateIntrinsic Value |    |
|---------------------------------------|--------|-----------------------------------|-----------|--------|----------------------------------------------|--------|--------|-------------------------------------------|--------|--------|--------------------------------|--------|--------|--------------------------|---------|
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |
| Balance, March 31, 2012               |   |                              | -         |   |                                         |   | -      |                                      |   |   | -                              |   |   |                     | -       |   |   |   | - |   |
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |   |   |   |   |   |
| Granted                               |   |                              | 1,200,000 |   |                                         |   | 0.75   |                                      |   |   | 0.75                           |   |   |                     | 124,800 |   |   |   | - |   |
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |   |   |   |   |   |
| Canceled                              |   |                              | -         |   |                                         |   | -      |                                      |   |   | -                              |   |   |                     | -       |   |   |   | - |   |
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |   |   |   |   |   |
| Exercised                             |   |                              | -         |   |                                         |   | -      |                                      |   |   | -                              |   |   |                     | -       |   |   |   | - |   |
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |   |   |   |   |   |
| Expired                               |   |                              | -         |   |                                         |   | -      |                                      |   |   | -                              |   |   |                     | -       |   |   |   | - |   |
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |   |   |   |   |   |
| Balance, June 30, 2012                |   |                              | 1,200,000 |   |                                         |   | 0.75   |                                      |   |   | 0.75                           |   |   |                     | 124,800 |   |   |   | - |   |
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |   |   |   |   |   |
| Earned and exercisable, June 30, 2012 |   |                              | 1,200,000 |   |                                         |   | 0.75   |                                      |   |   | 0.75                           |   |   |                     | 124,800 |   |   |   | - |   |
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |   |   |   |   |   |
| Unvested, June 30, 2012               |   |                              | -         |   |                                         |   | -      |                                      |   |   | -                              |   |   |                     | -       |   |   |   | - |   |
|                                  |   |                              |      |   |                                         |   |   |                                      |   |   |                           |   |   |                     |    |   |   |   |   |   |

|                     |   |   | Warrants Outstanding |   | Warrants Exercisable                                     |   |
|--------------------------|--------|--------|----------------------|--------|----------------------------------------------------------|--------|
| Range of Exercise Prices |   |   | Number Outstanding   |   | Average Remaining Contractual Life  (in years) |   | Weighted Average Exercise Price |   | Number Exercisable |   | Average Remaining Contractual Life  (in years) |   | Weighted Average Exercise Price |   |
|                     |   |   |                 |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| $                        | 0.75   |   |                 |   | 1,200,000                                                |   | 5.00 |   | $ | 0.75 |   | 1,200,000 |   | 5.00 |   | $ | 0.75 |   |
|                     |   |   |                 |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $                        | 0.75   |   |                 |   | 1,200,000                                                |   | 5.00 |   | $ | 0.75 |   | 1,200,000 |   | 5.00 |   | $ | 0.75 |   |

----

| ITEM 2.       | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------------------------------------------|---------------------------------------------------------------------------------------------|

----

|                                |   | For the Three Months EndedJune 30, 2012 |                                                   |   | For the Three Months EndedJune 30, 2011 |   |   | Variance - Amounts |   |   | Variance - % (*) |   |
|-------------------------------------|--------|-----------------------------------------|--------------------------------------------------------|--------|-----------------------------------------|--------|--------|--------------------|--------|--------|------------------|--------|
|                                |   |                                    |                                                   |   |                                    |   |   |               |   |   |             |   |   |   |   |   |
| Professional fees                   |   |                                    | 21,350                                                 |   |                                    |   | -      |               |   |   | 21,350           |   |   |   | N.M. |   |
|                                |   |                                    |                                                   |   |                                    |   |   |               |   |   |             |   |   |   |   |   |
| Rent – related party          |   |                                    | 2,500                                                  |   |                                    |   | -      |               |   |   | 2,500            |   |   |   | N.M. |   |
|                                |   |                                    |                                                   |   |                                    |   |   |               |   |   |             |   |   |   |   |   |
| Salary and wages - officers         |   |                                    | 16,250                                                 |   |                                    |   | -      |               |   |   | 16,250           |   |   |   | N.M. |   |
|                                |   |                                    |                                                   |   |                                    |   |   |               |   |   |             |   |   |   |   |   |
| General and administrative expenses |   |                                    | 5,135                                                  |   |                                    |   | 119    |               |   |   | 5,016            |   |   |   | N.M. |   |
|                                |   |                                    |                                                   |   |                                    |   |   |               |   |   |             |   |   |   |   |   |
| Total operating expenses            |   | $                                       |         45,235 |   |                                    | $      | 119    |               |   | $      | 45,116           |   |   |   | N.M. |   |

----

----

| Level 1 |   | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.                                              |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                        |
| Level 2 |   | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. |
|    |   |                                                                                                                                                        |
| Level 3 |   | Pricing inputs that are generally observable inputs and not corroborated by market data.                                                                    |

----

----

| · | Expected term of share options and similar instruments: Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and holder’s expected exercise behavior into the fair value (or calculated value) of the instruments.  The Company uses historical data to estimate holder’s expected exercise behavior.  If the Company is a newly formed corporation or shares of the Company are thinly traded the contractual term of the share options and similar instruments is used as the expected term of share options and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| · | Expected volatility of the entity’s shares and the method used to estimate it.  Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index.  The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility.  If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Expected annual rate of quarterly dividends.  An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends.  The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used.  The risk-free interest rate is based on the U.S. Department of the Treasury’s daily treasury yield curve rates in effect at the time of grant for periods within the expected term of the share options and similar instruments. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | 1) | We do not have a functioning audit committee or an independent audit committee financial expert. While not being legally obligated to have an audit committee or independent audit committee financial expert, it is the management’s view that to have an audit committee, comprised of independent board members, and an independent audit committee financial expert is an important entity-level control over our financial statements. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2) | We lack personnel with formal training to properly analyze and record complex transactions in accordance with U.S. GAAP.  Our current Chief Financial Officer, Mr. Alvin A. Snaper, has considerable business experience; however, he is not familiar with U.S. GAAP. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3) | We have insufficient quantity of dedicated resources and experienced personnel involved in reviewing and designing internal controls. As a result, a material misstatement of the interim and annual financial statements could occur and not be prevented or detected on a timely basis. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4) | We did not perform an entity level risk assessment to evaluate the implication of relevant risks on financial reporting, including the impact of potential fraud-related risks and the risks related to non-routine transactions, if any, on our internal control over financial reporting. Lack of an entity-level risk assessment constituted an internal control design deficiency which resulted in more than a remote likelihood that a material error would not have been prevented or detected, and constituted a material weakness. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5) | We have not achieved the optimal level of segregation of duties relative to key financial reporting functions. |
|--------|----|----------------------------------------------------------------------------------------------------------------|

----

| Exhibit No. | Description                                                                                                                                                                                                               |
|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1         | Asset Acquisition Agreement dated June 5, 2012 (incorporated by reference to the Registrant’s Current Report on Form 8-K filed on June 11, 2012)                                                                    |
| 3.1         | Articles of Incorporation (incorporated by reference to the Registrant’s Registration Statement on Form S-1 filed on June 2, 2008)                                                                                  |
| 3.2         | Amendment to Articles of Incorporation (incorporated by reference to the Registrant’s Current Report on Form 8-K filed on July 9, 2012)                                                                             |
| 3.3         | Bylaws (incorporated by reference to the Registrant’s Registration Statement on Form S-1 filed on June 2, 2008)                                                                                                     |
| 10.1        | Letter of Intent by and between Sweetwater Resources, Inc. and Centaurus Technologies Inc., dated April 19, 2012 (incorporated by reference to the Registrant’s Current Report on Form 8-K filed on April 25, 2012) |
| 10.2        | Form of Subscription Agreement (incorporated by reference to the Registrant’s Current Report on Form 8-K filed on June 11, 2012)                                                                                    |
| 10.3        | Form of Warrant (incorporated by reference to the Registrant’s Current Report on Form 8-K filed on June 11, 2012)                                                                                                   |
| 31.1        | Certification of Principal Executive Officer Pursuant to Rule 13a-14*                                                                                                                                                     |
| 31.2        | Certification of Principal Financial Officer Pursuant to Rule 13a-14*                                                                                                                                                     |
| 32          | CEO and CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act*                                                                                                                                              |
| 101.INS     | XBRL Instance Document**                                                                                                                                                                                                  |   |
| 101.SCH     | XBRL Taxonomy Extension Schema**                                                                                                                                                                                          |   |
| 101.CAL     | XBRL Taxonomy Extension Calculation Linkbase**                                                                                                                                                                            |   |
| 101.DEF     | XBRL Taxonomy Extension Definition Linkbase**                                                                                                                                                                             |   |
| 101.LAB     | XBRL Taxonomy Extension Label Linkbase**                                                                                                                                                                                  |   |
| 101.PRE     | XBRL Taxonomy Extension Presentation Linkbase**                                                                                                                                                                           |   |

----

|                            | CENTAURUS DIAMOND TECHNOLOGIES, INC.                                                                                                        |
|---------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|
|                            |  (Registrant)                                                                                                                          |
|                            |                                                                                                                                        |
| Date: August 30, 2012 | /s/Alvin A. Snaper                                                                                                                          |
|                            | Alvin A. SnaperChief Executive Officer, Chief Financial Officer and Director (Principal Financial Officer and Principal Accounting Officer) |
|                            |                                                                                                                                        |

----